Shalby Limited — Capital/Financing Update 2021

Jul 28, 2021

July 28, 2021

The Listing Department National Stock Exchange of India Ltd Mumbai 400 051.

Scrip Code : SHALBY Scrip Code: 540797 Through : htt~s://www.connect2nse.com/LISTING/ Through : http://listing.bseindia.com

Corporate Service Department BSE Limited Mumbai 400 001.

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ("the SEBl LODR")

Dear Sir / Madam,

Pursuant to Regulation 30 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBl Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, we wish to inform that the Company's Wholly-owned Subsidiary Mars Medical Devices Limited has subscribed 2,40,000 equity shares of SGD 1 each in Shalby Global Technologies Pte. Ltd., Singapore (SGTPL) and thereby SGTPL become subsidiary of Mars Medical Devices Limited and consequently Step-down Subsidiary of the Company.

The details as required under SEBl circular no. CIR/CFD/CMD/4/2015 dated 9th September, 2015, is provided in Annexure A.

This is for your information and record.

Thanking you.

Yours sincerely Foghalby Limited

Tushar Shah AVP & Company Secretary Mem. No: FCS-7216

Encl.: Annexure -A

Annexure -A

	I Sr. No. I Particulars	I Details - - . -.I
1	I Name of Target Entity	I Shalby Global Technologies Pte. Ltd.
I	I Details in brief such as size, Turnover I Authorized Share Capital: 2,50,000	Equity II Shares of SGD 1 each.I
I	I	I Paid up Share Capital: 2,50,000Equity Shares II of SGD 1 each.
2	I Whether the acquisition would fall 1 Dr. Vikram Shahwithinrelated party transaction(s)and whether the promoter/promotergroup/groupcompanies haveanyinterest in the entity being acquired?	andMr. ShanayShah(promotersofShalbyLimited)haveincorporated "ShalbyGlobal TechnologiesPte. Ltd."at Singapore and Mars MedicalDevices Limited (Wholly-owned subsidiary ofthe Company) has now subscribed 2,40,000equity shares of SGD 1 each in Shalby GlobalTechnologies Pte. Ltd., Singapore.The subscription by the subsidiary mentionedabovewillfallwithinrelatedpartytransactions.
	If yes, nature of interest and detailsthereof and whether the same isdone at "arms length"	The Promoters of the Company have interestin the above entity to the extent of theirDirectorship and Membership
	Industry to which the entity beingacquired belongs	Wholesale of medical, professional, scientificand precision equipment
	Objects and effects of acquisition(includingbutnotlimitedto,disclosure of reason for acquisition oftarget entity, if its business is outsidethe main line of business of the listedentity)	WholesaleandTrading ofImplantandMedicalEquipment
	Brief details of any governmental orregulatoryapprovalrequiredforI acquisition	Not applicable
6	1 Indicative time period for completion I Not applicableof the acquisition
7	Nature of ConsiderationWhether cash Consideration? OrShare Swap and details of the same	Cash

Shalby Limited

8	Cost of Acquisition or the price atwhich the shares are acquired	SGD 2,40,000(Singapore Dollar Two LakhsForty Thousand only)
	Percentage of Shareholding / control	Percentage of Shareholding : 96%
	acquired and /or number of shares	Number of Shares acquired : 2,40,000equity
	acquired	shares
9	Brief background about the entityacquired in terms of products/line ofbusinessacquired,Dateofincorporation, History of last 3 yearsturnover,Countryinwhichtheacquired entity has presence, Anyothersignificantinformation(inbrief)	Shalby Global Technologies Pte. Ltd. has beenincorporated on May 3,2021 at Singapore forthe purpose of Whole-sale Trading of Implantand Medical Equipment

For the purpose of the above disclosure the term 'Acquisition' shall have the same meaning as defined in explanation of sub-para (1) of Para (A) of part (A) of Schedule Ill of listing regulations.

Shalby Limited